: Lawsuits claim Ferrum induced hundreds of investors to provide capital under the guise of funding promissory notes for debt collection through Collins Asset Group Indictments and Criminal Case : Federal prosecutors indicted securities fraud wire fraud after an FBI and IRS investigation found that over $83 million was funneled through Ferrum entities. Bankruptcy Filings Michael Cox filed for bankruptcy in 2024, reporting $59 million in debt
To understand why Ferrum Capital faced such liquidity issues in 2021, it is necessary to look at the broader context of its portfolio. Ferrum specialized in providing debt financing to companies attempting to go public through . ferrum capital lawsuit 2021
Because the case settled, we never got a judicial ruling on whether Hightower actually sabotaged its own merger. But the threat of that discovery—emails, texts, board meeting minutes—likely pushed both sides to the table. : Lawsuits claim Ferrum induced hundreds of investors
for conspiracy to commit wire fraud, money laundering, and securities fraud Guilty Plea : On March 20, 2026, Brooklynn Chandler Willy pleaded guilty to 10 counts of investment fraud , including her role in the 2021 Ferrum transactions. Department of Justice (.gov) Key Players in the Scheme Because the case settled, we never got a
, purportedly solicited millions of dollars from investors with promises of safe, high-return promissory notes. The Scheme : Investors were typically promised 8% to 10% annual returns . The company claimed these funds were loaned to Collins Asset Group